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PBMares names new CEO
Newport News-based accounting and consulting firm PBMares LLP announced Tuesday that Harvey L. Johnson has been promoted as CEO, effective Jan. 1. Johnson, a partner and cybersecurity and control risk services practice leader, will serve as the company’s second CEO in the firm’s 58-year history. He succeeds Alan S. W[...]
Norfolk company buys Michigan-based retail data firm
Trader Interactive, a Norfolk-based vehicle and commercial equipment dealer services company, announced Tuesday it has acquired Grand Rapids, Michigan-based retail data firm Statistical Surveys Inc. (SSI). Financial terms of the acquisition were not disclosed. Trader Interactive specializes in digital marketing for vehicle and commercial equipment companies, while SSI provides retail market share data for the […][...]
Falls Church firm buys Silicon Valley company
Falls Church-based association advisory firm Advancea LLC announced Tuesday it has acquired Arroyo Grande, California-based Group Purchasing Solutions (GPS). Financial terms of the acquisition were not disclosed. Founded in 2008, GPS specializes in affinity programs serving mid-sized businesses. Affinity programs are partnerships between nonprofits and businesses in which a business may offer exclusive products or […][...]
Microsoft leases space in Arlington’s Commonwealth Tower
Microsoft Corp. will open a sales headquarters in Arlington, expanding its presence in Northern Virginia, the tech giant’s president of U.S. regulated industries, Toni Townes-Whitley, announced Tuesday. Microsoft — which announced in May 2020 that it would invest $64 million to expand in Reston Town Center in western Fai[...]
National Landing to see $4B in transportation investment during next decade
A report released by the National Landing Business Improvement District (BID) on Tuesday details $4 billion worth of area transportation projects that will be underway during the next decade. The National Landing area includes Arlington’s Crystal City (where e-commerce giant Amazon.com Inc. is establishing its $2.5 billion East Coast HQ2 headquarters), Pentagon City and Potomac […]
HII acquires unmanned systems business
Newport News-based Huntington Ingalls Industries (HII) announced Monday it has acquired Virginia Beach-based Spatial Integrated Systems Inc.’s (SIS) autonomy business. Financial terms of the transaction were not disclosed, but the acquisition expands HII’s unmanned systems capabilities, according to a company stateme[...]
Herndon company acquires N.Y.-based IT firm
Herndon-based IT assets selling and financing company ePlus Inc. announced Monday it has acquired Rochester, New York-based System Management and Planning Inc. (SMP), an information technology company that provides services in New York and the Northeast. Terms of the acquisition were not disclosed, but the transaction will increase ePlus’ regional footprint. “Acquiring SMP strengthens our […][...]
Politico to acquire E&E News
Arlington-based political and policy-focused news organization Politico announced last week it will acquire energy and environment news organization E&E News. Terms of the acquisition were not disclosed, but the purchase will add energy and environmental coverage, according to a company statement. The E&E Brand will remain intact. “We are doubling down on our policy coverage […]
Qatar Investment Authority invests $125M in Arlington company
Arlington-based energy storage provider Fluence announced last week that the Qatar Investment Authority (QIA) will invest $125 million in the company. Fluence is a joint venture of Arlington-based energy company AES Corp. and industrial manufacturing giant Siemens. The company will use the investment to develop digital products and deploy existing products to additional global markets. […]
Riverside Tappahannock Hospital becomes part of VCU Health System
Richmond-based VCU Health System announced Monday it has finalized its purchase of the 67-bed Riverside Tappahannock Hospital (RTH) and related medical services from Riverside Health System. Financial terms of the transaction were not released. The hospital will now operate as VCU Health Tappahannock Hospital. VCU Health System [...]
Five Va., Md.-based electric coops form broadband association
With internet connectivity issues growing in importance during the COVID-19 pandemic, five electric cooperatives in Virginia and Maryland have formed a broadband cooperative association aimed at encouraging the expansion of high-speed internet service in underserved rural areas. The new Maryland and Delaware Association of Broadband Cooperatives (VMDABC) includes Millboro-based BARC Electric Cooperative and its BARC […][...]
Virginia has administered 50K+ COVID-19 vaccine doses so far
Having received 285,000 COVID-19 vaccine doses from two manufacturers, Virginia has distributed more than 54,000 doses in the past two weeks. Nationally, there’s been frustration with the vaccine rollout, which has been slower than expected. The Trump administration had pledged that 20 million doses of the vaccine would be[...]
